What action must Wigan Ltd take that is in compliance with AASB 2,if the option does not vest on 30 June 2012?
A) No action necessary.
B) It must modify the terms and conditions of the option to allow the employees to benefit from the share-based payment transaction in future.
C) The equity account arising from the share-based payment transaction shall be reversed and credited to revenue.
D) The equity account arising from the share-based payment transaction shall be reversed and credited to liability.
E) None of the given answers.
Correct Answer:
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